Relam rolls out $300-mn real estate plans

The Dubai-based Relam Investment recently announced its entry into the Indian market with an initial investment worth $300 million in the real estate and technology sectors. The company will make India as its hub for investments in Southeast Asian markets, chairman and managing director Sultan Ali Rashed Lootah said, adding that the company has allocated an investment portfolio of $50 million to fund emerging technology companies and another $250 million into the real estate sector and that the investment will be carried out in a phased manner. In the real estate sector the company is keen to invest in commercial as well as affordable, energy-efficient and sustainable housing projects. The company is open to either invest directly in a real estate project or partner with any domestic company to invest. Besides real estate and technology sectors, the firm will also focus on investments into energy, oil and gas infra, trading, healthcare, retail and agriculture sectors, he added.